(3 Days Left) Bank Analyst
1 week ago
Detailed description:
The successful candidate will be responsible for the following key performance areas:
- Assess and understand the strategy and business model of the bank.
- Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile.
- Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices.
- Analyse and assess the evolving economic and operating environment and the impact thereof on the banks risk profile.
- Identify and monitor emerging risks to the banking sector in general and the bank in particular.
- Assess compliance with the Banks Act 94 of 1990, Co-operative Banks Act 40 of 2007, Mutual Banks Act 124 of 1993 and the Regulations relating to Banks.
- Prepare detailed reports based on the outcome of the analysis performed.
- Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks management, executives and board members.
- Plan, arrange, prepare for and conduct meetings.
- Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank.
- Maintain permanent electronic records in respect of the bank.
- Undertake ad hoc projects as assigned by management.
- Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank.
Job requirements:
To be considered for this position, candidates must have:
- A Postgraduate qualification (NQF 8) in Commerce, Economics, Finance, Compliance Management, Risk Management, or Accounting.
- Five to eight years experience in the banking sector, finance sector, regulatory sector, or risk management environment.
- A chartered accountant CA(SA) or Associate General Accountant AGA (SA) qualification would be an added advantage.
Additional requirements include:
Knowledge and understanding of:
- Financial reporting standards.
- Business protocol.
- Business models applied by banks and the financial and operating environment of banks.
- Relevant risk management standards and practices.
- Legislation relating to banks.
- The banking system, financial and banking products, regulations and risk models.
- The Basel Committee on Banking Supervisions (BCBS) capital framework and the Basel Core Principles at a theoretical level.
- Prudential supervision and the supervisory framework applied in South Africa; and key issues facing banks.
- Skills in analysing the business of banks.
- Innovative problem-solving skills.
- Strong analytical, verbal and writing skills and proficiency in verbal and written communication; and good interpersonal skills.
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